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Container traffic from China to North America set a monthly record in June as shippers looked to get ahead of supply chain disruptions closer to the holiday retail season. An eastbound total of 1.36 million twenty-foot equivalent units made June the eighth-highest month ever, behind only the all-time volumes seen amid the COVID-19 bottlenecks of…
With dockworkers from Maine to Texas threatening to go on strike Tuesday, the impact of a work stoppage could be lessened because retailers have been accelerating imports for months, according to Ron Leibman, chair of Newark, New Jersey-headquartered law firm McCarter and English’s transportation, logistics and supply chain management practice. “Retailers have been forward stocking,…
President Donald Trump’s plan for 200% tariffs on the agriculture equipment manufacturer John Deere would disrupt the supply chain and ultimately hit consumers’ wallets, a Mexico trade expert said. “Tariffs cause the cost of goods to rise and demand to drop, and it’s just going to cause the cost to rise, the pocketbook of the…
GXO Logistics Inc. sees an upward trend in the global freight market in 2025, encouraged by its growing customer base and organic sales growth in the third quarter. “We definitely are feeling that we’re out of the trough that we’ve been in for the last 12 months, and we’re getting back to a more normal…
Amazon’s earnings, released after the market close Thursday, were notable on several key points. Among them: Wall Street’s reaction was decidedly negative. At about 4:40 p.m. EDT, Amazon (NASDAQ: AMZN) stock was down about 4.4%, to $175.94. It had been down 1.56% on the day to $184.07. The decrease occurred even though its earnings per…